Mr. Jean Robillard reports

BELL CANADA ANNOUNCES OFFERING OF MTN DEBENTURES

BCE Inc.'s Bell Canada has arranged a public offering of $500-million of MTN (medium-term notes) debentures pursuant to its medium-term-note (MTN) program.

The $500-million 3.35 per cent MTN debentures, Series M-47, will be dated March 12, 2018, will mature on March 12, 2025, and will be issued at a price of $99.851 per $100 principal amount to yield 3.374 per cent. The MTN debentures will be fully and unconditionally guaranteed by BCE.

The net proceeds of the offering are intended to be used to finance the redemption of Bell Canada's $300-million principal amount of 5.52 per cent Series M-33 debentures, due Feb. 26, 2019, and for the repayment of other short-term debt.

The MTN debentures are being publicly offered in all provinces of Canada through a syndicate of agents. The MTN debentures offering is expected to close on March 12, 2018.

The MTN debentures are being issued pursuant to a short-form base-shelf prospectus dated Sept. 20, 2016, and a prospectus supplement dated Sept. 30, 2016. Bell will file a pricing supplement relating to this issue with the securities regulatory authorities in all provinces of Canada.

We seek Safe Harbor.